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1. The next recession triggers a massive financial crisis (due to unsustainable debt and currency creation in 2010s) followed by a loss of confidence in central
by jcbrand 7y ago
1. The next recession triggers a massive financial crisis (due to unsustainable debt and currency creation in 2010s) followed by a loss of confidence in central banks as various fiat currencies are destroyed in response.
2. As a result of #1, the dollar loses its reserve currency status, probably in favour of a basket of currencies like IMF SDR.
3. To restore confidence, states will be forced to peg their new currencies to something that can't be created at will, probably gold, but perhaps also Bitcoin or another cryptocurrency.
4. Environmental collapse continues, causing mass migrations adding further fuel to nationalist and fascist movements.
5. Localisation becomes fashionable as globalisation gets blamed for many of the world's ills.